The knitted or crocheted pile fabric market in Bosnia and Herzegovina reached a size value of 10.446 million USD in 2023. The market experienced fluctuations, with notable spikes in 2018 due to a substantial increase of 26.86% year-on-year. Recent years have shown moderate growth rates; 2023 recorded a 1.45% increase over the previous year. Over the last five years (2018-2023), the market exhibited a negative compound annual growth rate (CAGR) of -0.93%, signaling a gradual plateau.
Future trends to watch for include:
- Potential market stabilization or growth with increased emphasis on sustainable materials.
- Innovations in textile production technologies affecting local market dynamics.
- Variations in consumer demand due to economic changes and fashion trends.
| # | 19 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 1,021,400,000 | 2023 | +4.22% | +3.63% | View data |
| 2 | 2 Colombia | 266,760,000 | 2023 | +4.01% | +4% | View data |
| 3 | 3 Spain | 144,580,000 | 2023 | +1.22% | -1.03% | View data |
| 4 | 4 Germany | 117,890,000 | 2023 | -6.44% | -5.29% | View data |
| 5 | 5 United Kingdom | 117,420,000 | 2023 | -1.49% | +0.34% | View data |
| 15 | 15 Hungary | 23,960,000 | 2023 | +0.51% | +0.13% | View data |
| 16 | 16 Lithuania | 14,153,000 | 2023 | +4.05% | +4.21% | View data |
| 17 | 17 Bosnia and Herzegovina | 10,446,000 | 2023 | +1.45% | -0.93% | |
| 18 | 18 Switzerland | 10,243,000 | 2023 | -0.038% | +0.11% | View data |
| 19 | 19 Finland | 6,469,200 | 2023 | -5.33% | -4.92% | View data |
